SBD/18/Facilities Venues

HURRICANES NAME THEIR PRICE: INPUT ON ARENA'S TITLE RIGHTS

          The Hurricanes want "some control over the naming
     rights" in return for paying a $20M cost overrun "that
     threatens timely completion" of the Raleigh downtown arena,
     according to Steve Politi of the Raleigh NEWS & OBSERVER. 
     The current arena contract gives control of the naming
     rights to NC State Univ., which will share the arena with
     the Hurricanes.  Other concessions the Hurricanes want
     include: "additional money from concessions, ticket sales,
     advertising and other arena revenue sources;" "greater
     participation in the proceedings of the Centennial
     Authority;" and "control of property around the arena." 
     Local officials "are debating whether they can accept" the
     Hurricanes' offer (Raleigh NEWS & OBSERVER, 6/18).

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